Xstrata woos waverers over Glencore deal

Miner Xstrata sought to win over waverers to the merits of its $39-billion takeover by commodities trader Glencore, telling shareholders to back the "fair and reasonable" offer even as investors flexed their muscles by expressing opposition to its...

Xstrata injects R19.5m into engineering research, study centre

Diversified miner Xstrata has given R19.5-million for engineering research and the construction of an engineering study centre at the University of Pretoria (UP). Some R12-million would be immediately available for the construction of the centre...

Glencore approaches Xstrata with merger of equals

Diversified miner Xstrata said on Thursday it was in discussions with its major shareholders Glencore about a possible all-share merger of equals. Under UK takeover rules, the Ivan Glasenberg-led Glencore has until March 1 to announce whether it...

More mining tax, royalty hikes 'inevitable' – Control Risks

More governments in Africa and elsewhere, especially newly elected ones, will likely look at raising mining taxes and royalties amid historically high commodity prices, Control Risks senior analyst for Africa Thomas Wilson said in an interview....

R26bn carbon tax poised to stunt junior miners – Deloitte

Carbon tax is expected to increase the mining sector's tax bill by more than R26-billion in 2012, says professional services company Deloitte.

Peru-exposed miners fall after presidential poll

Mining companies with operations and projects in Peru fell sharply on Monday, after left-leaning Ollanta Humala claimed victory in the country's presidential elections and rival Keiko Fujimori conceded defeat. Investors are concerned that Humala,...

Andile Sangqu

Position: Executive director Xstrata South Africa since March 2010 Main activity of the company: Mining Date and place of birth: October 2, 1966 Klerksdorp Education: B Com, Rhodes University; B Compt Hons CTA, Walter Sisulu University; MBL...

Bond to succeed Strothotte as Xstrata chair

Sir John Bond has been named the new chairperson of diversified mining giant Xstrata to succeed Willy Strothotte, who will retire on May 4. Bond is the outgoing chairperson of UK mobile group Vodafone and joined the Xstrata group as a consultant...

Mining companies pressed to boost production amid record prices, rising demand

The Canadian mining sector in the first quarter of 2011 looks and feels starkly different compared with the industry that rang in the New Year just two years earlier

Mining, metals board makes senior appointment as it intensifies efforts to combat climate change

CEO-led organisation the International Council on Mining and Metals (ICMM), which serves as a catalyst for an improvement of performance in the mining industry, has appointed John Drexhage of the Canada-based International Institute for...

Xstrata has 'infinite patience' on Lonmin, platinum growth

London-listed Xstrata expects to realise value at some point on the 25% it holds in platinum-miner Lonmin, but is not in a rush to get any deals done, Xstrata CEO Mick Davis said. Xstrata bought an initial 10% of Lonmin during a...

Xstrata CEO sees resource nationalism as biggest risk for miners

A trend towards resource nationalism around the world is probably the biggest risk facing mining companies, Xstrata CEO Mick Davis said in London on Tuesday. Governments are using tax to increase their revenue from mining operations, and the...